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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from financial institutions $ 33,673,471 $ 28,204,699
Interest-bearing deposits in other financial institutions 40,501,795 24,697,154
Total cash and cash equivalents 74,175,266 52,901,853
Trading assets 252,105 294,381
Securities available for sale, at estimated fair value 260,941,446 280,869,810
Securities held to maturity, estimated fair value of $7,098,146 at June 30, 2012 and $9,175,956 at December 31, 2011 6,334,331 8,311,921
Federal Home Loan Bank and Federal Reserve Bank Stock, at cost 5,358,700 5,509,350
Loans, net of deferred origination fees and costs, and unearned income 855,947,252 796,915,177
Allowance for loan losses (10,392,572) (9,659,320)
Loans, net 845,554,680 787,255,857
Loans held for sale 482,344 395,427
Premises and equipment, net 24,717,442 24,762,405
Goodwill 21,824,443 21,983,617
Other intangible assets, net 5,642,350 6,190,540
Bank owned life insurance 2,668,373 2,625,104
Other assets 19,507,617 25,159,322
Total assets 1,267,459,097 1,216,259,587
Deposits:    
Non-interest-bearing 297,412,952 258,835,961
Interest-bearing 756,265,757 739,656,878
Total deposits 1,053,678,709 998,492,839
Securities sold under agreements to repurchase 31,750,428 37,106,842
Federal Home Loan Bank term advances 41,127,794 43,343,918
Accrued interest payable 655,923 800,148
Dividends payable 1,142,082 1,141,081
Other liabilities 8,895,360 9,445,319
Total liabilities 1,137,250,296 1,090,330,147
Shareholders' equity:    
Common stock, $.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at June 30, 2012 and December 31, 2011 53,101 53,101
Additional-paid-in capital 45,525,152 45,582,861
Retained earnings 104,401,468 100,628,900
Treasury stock, at cost (742,091 shares at June 30, 2012; 741,003 shares at December 31, 2011) (18,914,894) (18,894,044)
Accumulated other comprehensive income (loss),opening balance (856,026) (1,441,378)
Total shareholders' equity 130,208,801 125,929,440
Total liabilities and shareholders' equity $ 1,267,459,097 $ 1,216,259,587